Know Your Customer (KYC) and Anti-Money Laundering (AML)

Maxonrow is the sole main chain service provider in the world to offer real-name identity verification for KYC process and AML safety measures.

Through our real-name verification method, we strictly ensure each MAX-Wallet (holder) address is tied to a verified and genuine identity before any transaction can be added to the blockchain. Thus, our blockchain forfeits anonymity and every transaction is traceable when a user is found to be conducting illegal transactions.

True Asset Issuing (TAI)

Every layer of Maxonrow ecosystem has integrated verification processes, these processes form the concept of True Asset Issuing, allowing genuine and verified identity to issue real digital asset.

If any company or organization plans to issue any digital assets on the public chain, said company or organization must pass our KYC verification to prove their ownership of said property along with property certification of all tangible assets.

Governed Delegated Proof of Stake (GDPOS)

We utilize GDPOS (Governed Delegated Proof of Stake) as a consensus mechanism, which is a mechanism of equity entrustment unique to Maxonrow.

Every verification node on Maxonrow must complete KYC authentication and rigorous assessments prior to being approved to join the consensus mechanism. There will be up to 64 verification nodes in the first phase, the system will select a ‘supernode’ for computing, block generation, and de-blocking through the authorization of all lesser nodes. Supernode also serves to maintain the entire network in an orderly manner under a supervised system.

Under this consensus mechanism, if any verification nodes violated the code of conduct, the tokens that they hold will be frozen or even confiscated. If the supernode ever goes haywire and endangers system security, the system can pinpoint the problem and resolve the issue instantly. This safety measure fully safeguards the security of all users, docking agencies, and government agencies through KYC authentication technology.

As the backbone of consensus system, the verification node will prioritize reputable enterprises with significant user base backed by real economy for membership application.

Practical Byzantine Fault Tolerance (PBFT)

At this very moment, dozens of public chain projects are emerging within the blockchain space. Each project represents standalone, isolated blockchains—different ecosystems, hashing algorithms, consensus models, and even communities. Thus, the blockchain space is becoming more isolated.

Therefore, system and software compatibility (interoperability) is the priority in the development of blockchain technology.

Maxonrow deploys ‘Practical Byzantine Fault Tolerance’ (PBFT) as a measure to protect against catastrophic system failures by reducing the influence of malicious nodes as our system evolves.